XAU/USD Playing The Probability
Chart: Daily Time Frame
Market: Bullish
1. Incomplete Bullish Flag chart pattern
2. Price rejecting key weekly/daily resistance @ 1340
3. Spinning tops candlestick pattern rejects resistance level @ 1340
4. Downward sloping trendline acting as resistance (price rejects trendline)
Note: I'm short term bearish on this pair, but long term (monthly chart) I'm still bullish.
Awaiting bullish evidence around 1320 or trendline support (blue dotted line) before going long.
Market: Bullish
1. Incomplete Bullish Flag chart pattern
2. Price rejecting key weekly/daily resistance @ 1340
3. Spinning tops candlestick pattern rejects resistance level @ 1340
4. Downward sloping trendline acting as resistance (price rejects trendline)
Note: I'm short term bearish on this pair, but long term (monthly chart) I'm still bullish.
Awaiting bullish evidence around 1320 or trendline support (blue dotted line) before going long.
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